Property
Rockwell buys majority stake in Alabang Town Center for P21.6 billion
Rockwell Land Corp., led by the Lopez group, has acquired a majority controlling stake in Alabang Town Center (ATC) for P21.6 billion.
Megaworld raises P1.86B from stakes sale
Megaworld Corp. cashed in on two portfolio investments, raising a combined P1.86 billion and boosting fresh capital for the listed property arm of billionaire Andrew Tan.
DM Wenceslao tower gains PEZA status
DM Wenceslao & Associates Inc.’s 8912 Asean Avenue has secured a major regulatory boost after the government declared the property a Philippine Economic Zone Authority–registered Information Technology Center, strengthening Aseana City’s appeal to global IT and business process management locators.
Injap’s debt-free Dragon chases P500B glory
Edgar “Injap” Sia II is not known for thinking small. But the DoubleDragon chairman’s latest target—P500 billion in annual revenue and P50 billion in net income by 2035—pushes even his own reputation for audacity.
MREIT bulked up with prime offices
MREIT, Inc., the real estate investment trust of Megaworld Corp., is expanding its footprint after its board approved the infusion of nine Grade A office buildings through a property-for-share swap valued at P16.22 billion.
